INDIAN ECONOMY BASED ON APPSC GROUP 2 SYLLABUS
Planning in Indian Economy and present status
Socio- Economic - objectives and outlays of Five Year Plans – alternative strategies - Goals and Achievements – Causes for failure of different Plans –New economic reforms 1991. Regulation of the Economy – Creation of regulatory bodies-NITI Aayog- Co operative Federalism and decentralization of financial resources.
Indian Economic Policies
Agricultural policies – Industrial policies since 1956 – IT industries – Monetary policy of RBI – Fiscal policy – Objectives – Fiscal Imbalance and Deficit Finance –New Foreign Trade Policy. Current account imbalances; FDI.
Availability of Natural resources and Development
Population- size, composition and growth–Trends; Occupational Distribution of Work force –Human Development Index as a measurement of development. Demographic Dividend.
Money, Banking and Public Finance
Concept of Money and measures of money supply ; Creation of credit by Commercial Banks; determination of Price level- Inflation , its causes and remedies; Budget – taxes and non-tax revenue. Goods and Service Tax (GST)Meaning and Measurements of Growth
Distinction between growth and development – Measurement of growth - Growth, Development and Underdevelopment – Characteristics of Underdevelopment –Stages of development – Sources of capital formation – Growth strategies; Deregulation and growth.
National Income and concepts – Gross Domestic Product – Net Domestic Product, Per capita income.